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California Institute of the Arts Endowment Fund

Name: California Institute of the Arts

Assets Under Management: $172.5 Million (Source: California Institute of the Arts on 6/30/2010)

Annual Report: California Institute of the Arts Auditor’s Report and Financial Statements For the Years Ended June 30, 2010 and 2009

Portfolio Insights: “California Institute of the Arts (“CalArts” or “The Institute”) was established in 1961 by Walt and Roy Disney through the merger of the Los Angeles Conservatory of Music and the Chouinard Art Institute. It was the first higher education institution in the United States to offer degrees in both the visual and performing arts.

CalArts’ endowment consists of approximately 100 individual funds established for a variety of purposes. Endowment assets include those of donor-restricted funds that the Institute must hold in perpetuity as well as board-designated funds. As required by GAAP, net assets associated with endowment funds, including funds designated by the Board of Trustees to function as endowments, are classified and reported based on the existence or absence of donor-imposed restrictions.” (Source)

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Top California Institute of the Arts Endowment Fund Headlines:

1) California Institute of the Arts was founded with the intent to bring different art forms together and allow them to cross-pollinate, in the process fostering collaboration and sparking innovation.

As an internationally recognized school for the performing and visual arts—film, theater, art, dance, music and writing—the CalArts artistic philosophy places an emphasis on an exploration of new paths beyond conventional boundaries. (Source)

2) California Institute of the Arts educates artists in a learning environment founded on artmaking excellence, creative experimentation, critical reflection and the diversity of voices. To advance the exploration of new forms and expressions, CalArts urges collaboration and reciprocity among artists, artistic disciplines and cultural traditions—both on campus and in ongoing engagement with communities near and far. (Source)

3) Ranked as America’s top college for students in the arts by Newsweek/The Daily Beast, California Institute of the Arts has been an internationally recognized pacesetter in educating professional artists for nearly 45 years. Offering rigorous programs in the visual, performing, media and literary arts, our six schools house an exceptional creative community—and deliver an educational experience unlike any other.

CalArts students make art around the clock in a fast-paced, forward-looking environment with the guidance of a faculty of professional artists and thinkers who are each at the leading edge of their respective fields. Our mission is to nurture artists whose work matters to the state of culture today, and who have the skills and drive to launch effective careers—creative careers that can help shape the life of our local, national and global communities. (Source)

4) Delaney Januzzi of Lake Oswego, Oregon submitted a graphic design creation for the scholarship contest. In her creation, she drew her future as a character animator and showed some different examples of characters she created. Delaney will attend California Institute of the Arts while learning what she loves to do. “Creating new worlds for others to experience is the most rewarding future I can imagine for myself. But I wish to do more than create, I want to reach out to others; inspiring and teaching through my art. To me, the only feeling greater than being lost in my imagination is the reward of inspiring those around me.” (Source)

5) In early September, with the new academic year just beginning, Provost Jeannene Przyblyski sat down with Parents eNewsletter staff to talk about new developments at CalArts. The following are excerpts from that conversation.

The new Patty Disney Center for Life and Work is set to open later this year. How will it change CalArts?

We are really excited to introduce this Institute-wide program in career services and support for personal and professional development. The Patty Disney Center for Life and Work is an initiative of the President’s office, and while it has been a privilege for me to work on it, [President] Steven Lavine has been the leading advocate for making a robust program of career services available to our students. What’s important to remember in that regard is that in all of our programs, our faculty is always thinking about how to best equip our students and prepare them for life beyond CalArts within the context of their métier areas. That said, students often come to CalArts with one career path in mind, and as a result of their evolution over years of studying and pushing themselves in new directions, they often end up pursuing options that they might not have imagined initially. (Source)

About Richard C. Wilson